Charity organisation Pact Group backs out of Invercargill social housing contract

Thu, 26 May 2016

By Paul McBeth May 27 (BusinessDesk) - Dunedin-based charity organisation Pact Group has backed out as the sole bidder to buy and manage 348 state houses in Invercargill, putting the government's planned tender on hold and delivering a political blow to its social housing devolution project. Finance Minister Bill English and his associated Paula Bennett said Pact withdrew from the process because the deal wasn't the best way to achieve their goals, and as the only party short-listed, that procurement has been put on hold. Pact provides s...

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